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CLSA’s Top Global Banker Quits, Chair Steps Aside in Shakeup

  • CLSA elevates trading and research head Li Chunbo as chairman
  • Broker has seen turmoil over past years as Citic takes control
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CLSA Ltd.’s top global banker resigned and its Chairman Zhang Youjun stepped aside, marking another big shakeup at the Hong Kong brokerage that has been hit by a string of key departures over the past four years. 

Vice Chairman Charles Lin recently quit the brokerage after being hired in early 2020 to steer its international business, according to people familiar with the matter, who asked not to be identified discussing internal matters. The firm earlier this month elevated its head of institutional equities and research, Li Chunbo, to take over from Zhang, who remains the chairman Citic Securities Co., CLSA’s parent company, the people said.